Unum Group Corp. has succeeded at selling all of the $400 million in debt securities that it wanted to sell.
Unum, Chattanooga, Tenn. (NYSE:UNM), originally suggested it might issue just $300 million in debt securities, but positive market reaction helped it increase the total.
The securities are senior notes due in 2020 that will pay an interest rate of 5.625%.
Unum plans to use the proceeds to repay notes due March 2011 and for other corporate purposes.
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